Computing entries to record operation carryback

Assignment Help Project Management
Reference no: EM1337032

2. The financial statements of Ecolastico, Inc. reflected the following pretax information for the first four years of operations

2012 2013 2014 2015
Revenues 125,000 155,000 180,000 250,000
expenses 120,000 195,000 160,000 200,000
5,000 (40,000) 20,000 50,000

Income Tax rate 30% for 2012 and 2013 and 40% in 2014 and 2015
Give entries to record Operation carryback, assuming a 50% valuation allowance is needed for any deferred tax asset.

Reference no: EM1337032

Questions Cloud

Explain what are some issues between the total product : Explain What are some issues between the total product and physical product
Capital structure weight of preferred stock : Wild Wings has 80,000 shares of common stock outstanding at a price of $28 a share. It as well has 15,000 shares of preferred stock outstanding at the price of $63 a share.
Financial relationship and arrangements : Can you please explain the financial relationship and arrangements between a nursing home facility and its residents.
What design issues would have to address : If you had to make some new programming language that you have decided to create, what design issues would you have to address usuing names, character strings, arrays, pointers, selection structures, and logically controlled loop statements.
Computing entries to record operation carryback : Give entries to record Operation carryback, assuming a 50% valuation allowance is needed for any deferred tax asset.
Explain what is a benefit of a standardized marketing mix : Explain What is a benefit of a standardized marketing mix and A standardized international marketing mix reduces the time it takes to prepare a marketing plan
Calculate the mean, median and standard deviation : Calculate the mean, median and standard deviation.
Information about capital gains and losses : Throughout 2007, Gorilla Corporation has net short-term capital gains of $90,000, net long term capital losses of $570,000, and taxable income from other sources of $1.5 million. Prior years' transactions included the following:
Malpractice insurance : Can you please explain when you feel a long term care facility should get malpractice insurance and what the indications might be for such?

Reviews

Write a Review

 

Project Management Questions & Answers

  Evaluate the performance of each project proposal

To evaluate the performance of each project proposal with respect to their Overall

  What are the project communication methods

What are the project communication methods

  Project life cycle passes through four stages

The project life cycle typically passes through four stages: definition, planning, execution, and delivery. Do situations exist in which projects may not pass through each of these typical stages?

  Speculating the deliverables of the project

Also, speculate the deliverables you would provide if you are working on the project.

  Explaining project management lifecycle

The Project Management Institute defines a project as, "it has a beginning, a middle and an end." With that said, is this all the project management lifecycle is?

  Stakeholders not communicate politely as project leader want

Stakeholders may not communicate as frequently or politely as a project leader prefers.

  Basic service blueprint for ebags current product line

Develop a basic service blueprint for eBAGS' current product line. After analyzing your blueprint, would you recommend to eBAGS managers that they consider business process reengineering?

  Organizations undertaking information system projects

Why is it that organizations undertake information system (IS) projects.

  Internal organizational structure at the time of emergency

What elements of concern do you need to plan for, and what new/modified internal organizational structure do you recommend to take place at the time of emergency or any disaster mishap?

  Drawing the total cost lines

Draw the total cost lines for the three options.

  Risk management important aspect of project management

Why is risk management an important aspect of project management?

  Developing a closing statement

Develop a closing statement for the person that provides information.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd